Japan's factory activity fell at the fastest pace in seven months in September, a survey showed on Monday, as worsening global economic conditions continued to weaken demand.
The final au Jibun Bank Japan manufacturing purchasing managers' index fell to 48.5 in September from 49.6 in August and roughly in line with the flash reading of 48.6. The index has remained below the 50.0 point threshold that separates growth from contraction for four straight months.
"Depressed economic conditions domestically and globally weighed heavily on the sector," said Usamah Bhatti, economist at S&P Global Market Intelligence, which compiled the survey. In addition to higher raw material, oil, freight and energy prices, the weak yen drove up input price inflation, which hit a four-month high in September, according to S&P.
Voluntary resignations in September outpaced filling existing vacancies, leaving the subindex employment figure unchanged from the previous month.
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